Stainless steel belt running market continued weakness and steel for coke demand a larger efforts - Tianjin stainless steel co. , LTD
by:Hongmei
2020-09-05
The domestic market is given priority to with weak consolidation, market clinch a deal is still light.
Continued weakness in stainless steel with market operation and steel mills of coke demand a larger efforts, coking coal market downturn cannot alter, unable to form a strong support.
Steel mill, due to the recent steel market slump difficult to change, the market mentality is relatively fragile, weak or will continue in the short term.
At the same time, the steel mills in maintaining the coke under the condition of low inventory and purchase price low, make the focal companies selling pressure, focal enterprise own coke inventory is higher.
Integrated all factors to coke market situation to improve in the short term.
The overall operation mood down again.
Collective wuan region steel lock plate market price down to 2430 yuan, and to end plate, steel mills on the agreement of the price down to 2400 yuan, the spot price too low to the lowest 2460 yuan, the current does not flow to the spot market, low-cost resources for nearly two days of price or to form certain support, but later move focus will still be the overall market price lower, lower wuan region prices will soon spread to the surrounding and the southern city of.
At the same time, with steel prices down, the arrival of the goods quantity increased circulation market resources, on the whole inventory quantity, and the merchant's bearish expectations also has operating market price go ahead of the outstanding, in the short term, will continue to fall fast.
Domestic steel scrap market weak downward, light trading.
Period screw low open low today, mostly in the spot market price is also lower, and iron ore is also weakening trend, in such a situation, the domestic stainless steel market began to test.
According to merchants, although there are parts of scrap steel by the last week, but the overall volume is low, the market situation is not too big.
Opened this week, trading volume is not ideal, the businessman hand goods, manufacturers inventory is not big, operating enthusiasm is not high.
The recent domestic steel scrap market is expected to continue weak market operation.
Domestic pig iron market in addition to the steelmaking pig iron, cast iron and nodular cast iron offer temporary stability, affected by the weekend after dropping cut 40 - offer today
50 yuan, the market trading slightly weak.
It is understood that domestic steel billet market present continuous falling prices over the weekend, the overall market volume is relatively light.
Clinch a deal the pig iron for steel making slightly thin.
Steelmaking pig iron market now wait-and-see atmosphere is strong, the downstream demand.
Casting pig iron how high to low the price, clinch a deal with a single discussion is given priority to, more slightly weak.
Comprehensive above factors, expected late domestic pig iron market is given priority to with steady, more do not rule out the possibility of falling prices.
Such depth adjustment is again brush out the history of the low, but the spot transaction, market sentiment, or business to afternoon bearish expectations, make space remained now continue to fall, and the amplitude or still not small.
Or trite, tightening of liquidity, is of the main factors which had winter go unattended, export restraints, hong kong-listed pressure needs a sharp drop in economic restructuring transformation and compression of commodities fell in the middle of the dollar appreciation of systemic risk, etc. , resulting in open stainless steel belt down channel.
, however, did not show the bottom signal, the end of phase plate support or financing side pressure remained or surface status and market demand of mood, don't support steel prices falling, and steel mills also did not have signs of tomorrow's production, also makes the downward 'bottom line', still remain conveniently operation Suggestions.